Cherryland Electric

About Cherryland Electric

With their main offices in Grawn, Michigan, Cherryland Electric supplies electricity to 6 counties throughout Michigan and is classified as an electricity cooperative. Electricity companies must regularly report the number of customers signed on for their services to government agencies. Most recently the supplier disclosed a total of 39,164 customers signed up to receive electricity from the company. Approximately 0.33% of these customers are industrial properties, 8.15% are commercial customer accounts and 91.52% are residential properties. On average, Cherryland Electric charges their consumers a residential electricity rate of 14.88 cents per kilowatt hour. Fortunately, this is 21.05% less than Michigan's average price of 18.85 cents, ranking the company at 37th out of 60 providers in Michigan for lowest average electricity price. The provider had total sales and disposition of 447,066 megawatt hours in 2022, of which 93.05% were from retail sales. The electricity sourced by the company primarily came from megawatt hours that they procured by way of wholesale channels. They purchased 447,066 wholesale megawatt hours. In 2022, the supplier made a total of $58,746,500 from business activities relating to the sale and transfer of electricity. They had 98.01% of their revenue coming from retail sales to end users.

The nationwide average monthly residential electric bill is $136.59, while the Cherryland Electric average is 27.09% less at $99.59 per month. Electricity generation is not part of the Cherryland Electric business plan, as they purchase power at wholesale rates from other providers and then resell to their customers. Customers of the provider deal with 0.75 power outages on average per year, with outages lasting an average of 70.24 minutes. The national averages for these data points are 1.45 outages at 171.11 minutes each.